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02 Dec 2022, 08:00 AM

PYX Resources Ltd Announces Appointment of Raden Sukhyar as A Non-Executive Director

www.marketscreener.com
115 Views
PYX Resources Ltd. announced the appointment of Dr. Raden Sukhyar as a Non-Executive Director, with immediate effect. Dr. Sukhyar received his Bachelor Degree in Geology Engineering from Institut Teknologi Bandung ("ITB"), Bandung Indonesia, in 1980. In 1990 he obtained his Doctorate Degree (Ph.D) in Earth Science from Monash University, Melbourne Australia.Dr. Sukhyar, a highly regarded geologist and Indonesian executive, has vast experience and knowledge of operating in Indonesia, including key government roles. He was appointed as Head of the Indonesia Geological Agency from 2008 to 2013, and as Director General of Mineral and Coal, Ministry of Energy and Mineral Resources from 2013 to 2015. In 2016 he was appointed as adviser to the Minister of Industry of the Republic of Indonesia until 2019.He served as commissioners of state owned mining enterprises namely PT Timah (2002-2008), PT Aneka Tambang (2011-2015) and PT Petamina Geothermal Energy (2006-2009). He has been an independent commissioner of PT Vale Indonesia since 2018. He has previously been in charge of strategic policy making in Indonesia which included the following roles: Chairman of Mineral and Coal Mining Bill Drafting - which then became Law on Mineral and Coal Mining No.4/2009; and Chairman of Geothermal Bill Drafting - which then became Law on Geothermal No.27/2003.Image source: PYX Resources LtdSource: https://www.marketscreener.com/quote/stock/PYX-RESOURCES-LIMITED-120976305/news/PYX-Resources-Ltd-Announces-Appointment-of-Raden-Sukhyar-as-A-Non-Executive-Director-42418147/
News
01 Dec 2022, 10:00 AM

Indonesian tin groups ask the government to consider imposing export restrictions gradually

www.mining.com
103 Views
Indonesian tin industry groups on Monday asked authorities to consider implementing a planned tin ingot export ban gradually to allow the industry to develop domestic processing plants.Indonesia last month said the world’s biggest exporter of refined tin is planning to ban exports of the metal in favour of attracting investment to further process it domestically. The timeline for implementing such a ban has not yet been decided.The policy is similar to what the resource-rich country has implemented for developing a downstream processing industry for nickel ore. But unlike nickel, Indonesia already exports high-purity refined tin.Authorities may seek investment in tin forming industries and tin chemical productions, officials said.“We support all regulations that will be made by the government but we ask for their consideration that this downstreaming be carried out in stages,” Alwin Albar, chairman of industry group Association of Indonesian Tin Exporters, said at a hearing in parliament.“We need time to develop the downstream industry,” he said.He added state tin company PT Timah, where he is a director, needs around two years to develop its existing tin chemical production facility and even longer to secure markets for its products.He said a sudden export ban could hurt tin miners and refiners as the domestic market can only absorb about 5% of Indonesia’s output.Alwin also warned that imposing an abrupt export ban while domestic use remains low could trigger smuggling.Ismiryadi, chairman of the Association of Indonesian Tin Industry, told the same hearing that an export ban would affect roughly 30% of economic activity in the country’s tin mining hub, Bangka Belitung Province.A mining ministry official said the government would calculate how much time and investment would be required to develop a domestic processing industry.Image source: International Tin AssociationSource: https://www.mining.com/web/indonesian-tin-groups-ask-govt-to-consider-impose-export-restrictions-gradually/
News
30 Nov 2022, 08:00 AM

Commodity Price Update: Coal Up 18.2 Percent, Nickel Down 2.6 Percent

kumparan.com
50 Views
In the past year, global oil prices have fallen from their lows. Even so, West Texas Intermediate (WTI) crude oil closed positive at the close of trading on Monday (28/11).Tuesday (29/11) U.S. West Texas Intermediate (WTI) crude closed up 96 cents, or 1.3 percent, to USD 77.24, after touching its lowest level since December 2021 at USD 73.60. Brent crude settled at USD 83.19 a barrel, down 0.5 percent.CoalCoal prices were observed to rise in trading on Monday (28/11). According to the ICE Newcastle (Australia) exchange, the December 2022 contract coal price rose 18.2 percent to USD 379 per ton.The same thing also happened for the coal price contract in February 2023 which increased by 14.45 percent to USD 365 per ton.Crude palm oil (CPO) prices were observed to strengthen in trading on Monday (28/11). Based on the Malaysia Exchange, the CPO price of the January 2023 contract rose 1.08 percent to MYR 4,140 per ton.Meanwhile, CPO prices for the February 2023 contract rose 0.7 percent to MYR 4,091 per ton. And for the March 2023 contract, it also strengthened by 0.9 percent to MYR 4,099 per ton.NickelNickel prices were observed to fall at the close of trading on Monday (28/11). Nickel prices on the basis of the London Metal Exchange (LME) closed down 2.62 percent to USD 25,416 per tonne.TinTin prices declined at the close of trading on Monday (28/11). Based on the LME website, Tin prices closed down 0.03 percent to USD 22,231 per tonne.Image source: PT AntamSource: https://kumparan.com/kumparanbisnis/update-harga-komoditas-batu-bara-naik-18-2-persen-nikel-turun-2-6-persen-1zLApEEFsUX/full
News
25 Nov 2022, 10:00 AM

Indonesia ready to help African nations optimize natural resources

en.antaranews.com
89 Views
Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, has expressed Indonesia's readiness to work with several African countries and help optimize their natural resources so that they can advance and develop their economies.He made the statement at the “Special Ministerial-CEOs Meeting: Emerging Economies Cooperation” in Nusa Dua, Bali, on Thursday (November 17, 2022), which was attended by ministers and delegates from three African countries—the Democratic Republic of the Congo, the Republic of Rwanda, and the Republic of Senegal, as well as delegates from the African Union Development Agency (AUDA-NEPAD)."Indonesia's economy is growing very fast, and we are quickly moving from exporting raw materials to developing value-added industries. Inspired by the Bandung Spirit and South-South Cooperation, we want to work together and help other developing countries strengthen their private sector to do the same thing," he said, according to a statement released in Jakarta on Friday.In order to achieve a sustainable industrial base and mining industry, Indonesia is also supporting the development of new business models, new technologies and platforms, as well as infrastructure that supports the transformation to increase productivity, Pandjaitan added."Synergies in innovative financing for strategic industries and critical infrastructure are very important," he said.While some government agencies may be lagging in terms of infrastructure development, many private global companies are looking for investment opportunities in infrastructure and strategic industries.According to him, state-owned enterprises (BUMN) and the private sector will be interested in participating in all strategic projects by strengthening and expanding innovative mechanisms to facilitate public-private partnerships."We need public-private involvement and collaboration at every level to improve our competitiveness, prosperity, and future," the minister said.Pandjaitan further said that developing countries must have independence and sovereignty in using and exploiting their natural resources in the right way."Which means that developing countries need to have the right to exercise their own discretion and optimize their natural abundance towards their own economic progress and development," he explained.Meanwhile, the CEO of AUDA-NEPAD, Nardos Bekele-Thomas, highlighted the paradox of African development, which he described as “poverty amidst abundant wealth.”He said he is hoping for mutually beneficial cooperation with southern countries to optimize the wealth of biodiversity.The South-South Cooperation (KSS) is a cooperation scheme among developing countries, which is carried out through bilateral and multilateral means mutually.Meanwhile, the Bandung Spirit, which emerged from the 1955 Asian-African Conference, refers to the spirit of peace highlighted by Asian-African leaders who attended the conference for resolving the problems of imperialism and competition between the West and East blocs.Image source: ANTARA/HO Coordinating Ministry for Maritime Affairs and InvestmentSource: https://en.antaranews.com/news/261081/indonesia-ready-to-help-african-nations-optimize-natural-resources
News
25 Nov 2022, 09:00 AM

EGA & INALUM Ink Technology Pact for Aluminium Smelter in Kuala Tanjung

industri.kontan.co.id
125 Views
PT Indonesia Asahan Aluminium (INALUM) and Emirates Global Aluminium (EGA) signed a feasibility study agreement related to the development of INALUM's browfileld expansion in Kuala Tanjung, North Sumatra.The agreement was signed by INALUM President Director Hendi Prio Santoso and EGA Chief Executive Officer, Abdulnasser Bin Kalban, at the G20 Summit in Bali, Monday (14/11).President Director of INALUM, Hendi Prio Santoso, said that this agreement is expected to confirm that EGA is INALUM's preferred partner for the Kuala Tanjung brownfield expansion.The consideration is based on the efficiency of EGA's smelting technology and experience transferring it internationally, as well as the company's potential partnerships as an investor and or metal offtaker."We see advancing to the successful conclusions of the bankable feasibility study as the next step before we begin construction," he said in a written statement. EGA is the largest non-oil and gas industry company from the United Arab Emirates.Under this agreement, EGA has the exclusive right to license the UAE-developed technology to INALUM for brownfield aluminum smelter expansion. EGA will license DX+ Ultra smelting technology to INALUM which is the international company's latest industrial technology.The commercial license is for the expansion of the Kuala Tanjung brownfield smelter in North Sumatra, if the project proves feasible.EGA itself has been developing its smelting technology in the UAE for more than 30 years, and was the first UAE industrial company to license its core process technology internationally in a deal with Bahraini Aluminium in 2016.The EGA's requirement for metal investment or retrieval is that the prioritized project uses renewable energy. The existing Kuala Tanjung aluminum smelting plant uses electricity generated by hydropower.The expansion project is expected to have a capacity of more than 400 thousand tonnes of aluminum per year, depending on the results of a bankable feasibility study that will now be co-financed by EGA and INALUM."This agreement is an important step forward in our cooperation with INALUM, and brings the deployment of UAE-developed technology closer to Indonesia," said EGA Chief Executive Officer Abdulnasser Bin Kalban.He said potential investments in the expansion of Kuala Tanjung's brownfield, and the sale of metals, would advance growth in low-carbon aluminum that would enable modern life around the world while protecting the earth for future generations."I thank INALUM for their continued trust in the EGA in line with the partnership between our two countries."For your information, INALUM and EGA have worked together in increasing the potential to use EGA technology knowledge from the existing aluminum smelter in Kuala Tanjung, based on an agreement signed in 2020.The project aims to increase production from existing reduction cells by about 20,000 tons per year or about 10 percent. Design work for the pilot part of the project has been completed.The EGA itself has completed a series of similar improvements across its sites in Jebel Ali and Al Taweelah over the past few decades.In 2020, EGA signed an agreement with NEO Aluminio Colombia that could lead to the export of EGA technology for the development of the South American country's first aluminum production facility.Image source: KONTAN/Baihaki/22/7/2018Source: https://industri.kontan.co.id/news/inalum-dan-ega-mengggarap-potensi-penggunaan-teknologi-alumunium-di-kuala-tanjung
News
25 Nov 2022, 08:00 AM

Researchers Develop Electrokinetic Mining Technology for Rare Earth Elements Recovery from Weatherin...

www.miragenews.co
133 Views
Rare earth elements (REEs), especially heavy REEs (HREEs), are important in modern industry. However, the conventional mining technique applies excessive usage of ammonium-salt-based leaching agents to recover HREEs from ion-adsorption rare earth deposits (IADs), which exhibits low efficiency and devastating environmental impact on the local ecosystem.Thus, it’s necessary to shift from the traditional “mountain scraping” type of mining to a new generation of green HREE mining.Recently, a research team led by Prof. HE Hongping from the Guangzhou Institute of Geochemistry of the Chinese Academy of Sciences has developed a new technique, electrokinetic mining (EKM), for the green and efficient recovery of REEs from weathering crusts.The technique exerts a voltage on the top and bottom of the IAD, which generates an electric field to accelerate REE and water migration toward the cathode.Compared with conventional techniques, EKM achieves ca. 90% recovery efficiency, ca. 80% decrease in leaching agent usage, and ca.70% reduction in metallic impurities in the obtained REEs.The study was published in Nature Sustainability on Oct. 31.To evaluate the feasibility of EKM for REE recovery, Prof. HE’s lab first carried out bench-scale experiments in a homemade prototype with a simulated IAD. Results suggested that the REE recovery efficiency achieved by the EKM technique was 2.6 times higher than that achieved by the ammonium leaching technique.Then, they further carried out scaled-up experiments at the kilogram scale (20 kg) in a larger EKM setup. The results were consistent with bench-scale experiments, i.e., the EKM technique can achieve higher recovery efficiency and requires less treatment time.Based on the successful bench-scale and scaled-up experiments, they applied the EKM technique to an actual IAD (~14 t-scale) via an on-site field experiment. Results suggested that the REE recovery efficiency achieved higher than 90% in 264 hours.The researchers further explored mechanisms underlying the high REE recovery efficiency of the EKM. “The applied electric field that accelerates REEs and water migration unidirectionally towards the designed place via electromigration and electroosmosis is the key for enhancing REE recovery efficiency,” said Prof. HE.Apart from the sustainability and high recovery efficiency, the EKM shows selectivity for REEs as compared with other metallic impurities (Al3+, Ca2+ Na+, and K+), i.e., the collected metallic impurities are decreased by using the EKM technique. “We identified an autonomous impurity purification mechanism during the electrokinetic process, which is based on velocity and reactivity diversity between REE and other active metal ions,” said Prof. HE.Image source: The VergeSource: https://www.miragenews.com/researchers-develop-electrokinetic-mining-897814/
News
24 Nov 2022, 10:00 AM

G20 Summit, MIND ID Ready to Become a World Player in Sustainable Mining Management

ekbis.sindonews.com
194 Views
BUMN Holding Mining Industry Indonesia (MIND ID) continues to improve Indonesia's very potential mining management system. One of them is by realizing a sustainable natural resource supply chain.The business process initiated by MIND ID is also to increase the added value of commodities through sustainable schemes. The sustainable narrative carried by MIND ID is spelled out in the company's business strategy.As a Mining Industry Holding with its members, namely: PT Antam Tbk, PT Bukit Asam, Tbk. PT Freeport Indonesia, PT Inalum (Persero), PT Timah Tbk., MIND ID continues to improve and focus in accordance with the Government's mandate to become a world-class company.MIND ID's Director of Institutional Relations Dany Amrul Ichdan mentioned that there are three main business strategies of MIND ID. First, MIND ID exercises control over mining reserves. MIND ID continues to conduct various research and developments to maximize aggressive mining exploitation and production. This red plate company also continues to strive to increase competitiveness through the use of digital technology."The idea of Smart Mining carried by MIND ID is expected to be able to encourage mining optimization through the implementation of the latest technologies such as artificial intelligence (AI), Internet of Things (IoT), Machine Learning, as well as big data that can maximize mining sector activities," he said at the Special Ministerial Meeting in Bali, Thursday (11/17/2022).Second, MIND ID develops its downstream business. Efforts to maximize the scale of downstream assets by optimizing the company's internal performance. Hendi said that the development of project management standards in the company continues to be carried out in order to reap maximum results such as being able to accelerate high-quality projects."The purpose of the improvements made is none other than to develop downstream assets on a global scale," he said.In addition, MIND ID is also aggressively collaborating strategically with several companies to expand its business in the downstream sector.When upstream mining products are abundant, the company's next target is to anchor the downstream industrial sector.The third strategy is to become a global player. The target carried by MIND ID is to become a world-class player from the upstream to downstream sectors in the mining industry and its derivatives. The company continues to develop its capabilities and optimize its portfolio."The capacity building and optimization of the portfolio aims to build organization and culture in the company, develop technological capabilities through partnership schemes, optimize the portfolio through integrated concepts and restructure company management to make it more profitable," said Dany.MIND ID also implements sustainable practices such as through local community empowerment systems and others. This company also continues to innovate to explore new business potential through development in an extraordinary way.Image source: Aris KurniawanSource: https://ekbis.sindonews.com/read/944999/77/minesterial-meeting-ktt-g20-mind-id-siap-menjadi-pemain-dunia-pengelolaan-tambang-berkelanjutan-1668755510

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